GD Culture Group (GDC) has received board approval to sell a portion of its 7,500 bitcoin reserve to help fund a previously announced share buyback program, the company said.
Board authorization allows management to decide when and how to conduct bitcoin sales. GD Culture stressed that it was not obligated to sell a fixed amount and could change or discontinue the plan at any time.
Facing a steep share price decline as the price of Bitcoin has fallen in recent months, the board approved a $100 million buyback program earlier this month.
The company’s bitcoin holdings are currently worth around $497 million, according to CoinGecko data. This value has declined over time, with GD Culture suffering an unrealized loss of $344 million, down almost 41% from its total acquisition cost of $841.5 million.
The company obtained its large bitcoin stash through the acquisition of Pallas Capital Holding. The move was financed at the time by the issuance of 39.18 million shares.
Other companies have also started divesting their Bitcoin holdings. Earlier this week, Bitdeer sold all of its BTC to fund its move to AI data centers, while Riot Platforms reduced its BTC balance late last year.
GDC shares are up 7% on Wednesday, alongside a modest rebound in bitcoin’s price above $67,000. They remain down almost 70% compared to their peak in September 2025.
